Attached files
| file | filename |
|---|---|
| 8-K - 2012-0229 USNG FORM 8K - United States Natural Gas Fund, LP | usng8k_2012-0229.htm |
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Exhibit 99.1
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United States Natural Gas Fund, LP
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Monthly Account Statement
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For the Month Ended February 29, 2012
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss) on Futures
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$ | (2,743,335 | ) | |
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Realized Trading Gain (Loss) on Swaps
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(16,529,491 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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(13,362,785 | ) | ||
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Unrealized Gain (Loss) on Market Value of Swaps
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11,701,260 | |||
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Dividend Income
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7,244 | |||
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Interest Income
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9,063 | |||
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ETF Transaction Fees
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18,000 | |||
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Total Income (Loss)
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$ | (20,900,044 | ) | |
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Expenses
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Investment Advisory Fee
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$ | 442,163 | ||
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Brokerage Commissions
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318,119 | |||
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Tax Reporting Fees
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100,578 | |||
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Audit Fees
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12,713 | |||
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NYMEX License Fee
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11,054 | |||
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Non-interested Directors' Fees and Expenses
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7,765 | |||
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Prepaid Insurance Expense
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7,585 | |||
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Total Expenses
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$ | 899,977 | ||
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Net Income (Loss)
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$ | (21,800,021 | ) | |
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 2/1/12
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$ | 863,250,166 | ||
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Additions (29,000,000 Units)
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199,183,659 | |||
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Withdrawals (145,731,352 Units)*
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(97,538,746 | ) | ||
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Net Income (Loss)
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(21,800,021 | ) | ||
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Net Asset Value End of Month
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$ | 943,095,058 | ||
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Net Asset Value Per Unit (45,366,476 Units)
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$ | 20.79 | ||
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* On February 21, 2012, the United States Natural Gas Fund, LP executed a reverse unit split of 4-for-1. Units shown
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include the 130,723,371 unit reduction associated with this reverse unit split.
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To the Limited Partners of United States Natural Gas Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended February 29, 2012 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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